USD/CHF - strong sell incoming - how to trade
market is near strong resistance trend line which confirmed already two times a trend reversal.
The growth of this pair cannot be explained by economic reasons as the US is going into recession and economic war but the US dollar pair is still gaining strength, so I strongly assume that this pair has been manipulated upwards by targeted long investments. This is usually followed by a fairly quick sell-off as shown on the chart.
-MACD baselines on 4H is near bearish crossing which brings sellers into the market
-RSI retraced from heavy over selled area which brings sellers into the market
how to trade:
wait for entry at drawn sell area or for an confirmed breakdown from up trend line which is bearish indicator as well
The growth of this pair cannot be explained by economic reasons as the US is going into recession and economic war but the US dollar pair is still gaining strength, so I strongly assume that this pair has been manipulated upwards by targeted long investments. This is usually followed by a fairly quick sell-off as shown on the chart.
-MACD baselines on 4H is near bearish crossing which brings sellers into the market
-RSI retraced from heavy over selled area which brings sellers into the market
how to trade:
wait for entry at drawn sell area or for an confirmed breakdown from up trend line which is bearish indicator as well
Trade active
Comment:
TP1 reached
Comment:
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
